INDIA ECONOMY

  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • Rupee ends at 63.37 vs US dollar, down 54 paise September 17, 2013

    Mumbai: The rupee on Tuesday ended at 63.37 versus the US dollar, down 54 paise or 0.86 per cent. It opened 57 paise down at 63.40 per dollar as against previous close at 62.83 per dollar on Monday. The currency on Monday closed at a one-month high on hopes Sebi's steps...
  • BJP dissatisfied with PM's statement on economy, walks out of LS August 30, 2013

    New Delhi: The Bharatiya Janata Party and Left on Friday expressed dissatisfaction with Prime Minister Manmohan Singh's statement on economy on and even walked out of the Lok Sabha after the statement. "The Leader of the Opposition stood to say something but the PM just left the House. He has...
  • Rupee down 16 paise against dollar in early trade March 20, 2013

    Mumbai: The rupee on Wednesday fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate. Forex dealers said...
  • Rupee up 14 paise against dollar in early trade March 13, 2013

    Mumbai: The rupee on Wednesday gained 14 paise to 54.04 against the dollar in early trade at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. Strengthening of euro against the dollar overseas also supported the local currency, forex dealers said. The rupee had...
  • Rupee down 18 paise against dollar in early trade March 7, 2013

    Mumbai: The rupee on Thursday lost 18 paise to 54.90 in early trade on the Interbank Foreign Exchange due to renewed dollar demand from importers and appreciation of the US currency overseas. Forex dealers said a weak opening in the domestic stock market also put pressure on the local unit....
  • Rupee down 14 paise against dollar in early trade February 18, 2013

    Rupee down 14 paise against dollar in early trade Mumbai: The rupee declined by 14 paise to Rs 54.36 per dollar in early trade on the Interbank Foreign Exchange market on Monday. Rupee was weighed down by dollar's gains against other currency rivals. Forex dealers said besides dollar gains against other Asian...
  • Economy to grow at 5 per cent in 201213 February 7, 2013

    Mumbai: India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 201213 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. Last month, the RBI...
  • Rupee gains 16 paise against dollar in early trade February 6, 2013

    Mumbai: The rupee on Wednesday strengthened by 16 paise, near fourmonth high, to 52.97 against the US dollar in early trade on the Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks amid increased capital inflows. Forex dealers said increased selling of the American currency by...
  • Rupee recovers marginally against dollar October 19, 2012

    Mumbai: The rupee recovered marginally on Friday but was still trading 24 paise down at 53.65 a dollar on fresh demand for the American currency from banks and importers amid weak equity market. The rupee resumed lower at 53.70 per dollar as against the last closing level of 53.41 at...
  • Worst may be over for India economy: Poll October 13, 2012

    Bangalore: India's growth slump has passed and the economy will gradually recover over the next year, a Reuters poll showed, but the rate of expansion for this fiscal year will still be the weakest in a decade. The poll of 35 economists, conducted October 110, showed India's gross domestic product probably...
  • Rupee falls 8 paise against dollar in early trade September 25, 2012

    Mumbai: The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange on Tuesday following increased monthend demand for the American currency from importers. Besides, dollar's gains against euro in the overseas markets amid the increasing threat for another debtrestructuring in Greece also...
  • Raghuram Rajan: meet India's chief economic advisor August 30, 2012

    Raghuram Govind Rajan is the chief economic advisor to the Government of India. Born in Bhopal on February 3, 1963, he graduated from the Indian Institute of Technology, Delhi in electrical engineering. He went on to secure the Master of Business Administration degree from the Indian Institute of Management, Ahmedabad...
  • Kaushik's remark triggers political slugfest April 20, 2012

    New Delhi: Finance ministry chief economic advisor Kaushik Basu's remarks that major reforms were unlikely before the next general elections kicked off a slugfest between the government and the opposition on Friday, the BJP accusing the government of "policy paralysis" and a senior minister hitting back that the opposition's noncooperation...
  • India, Asia set for good growth in 2011: World Bank June 7, 2010

    Washington: India's growth is expected to rise to 9 percent in 2011 with South Asia poised to become the secondfastest growing region after East Asia & Pacific, says the latest World Bank update. The region as a whole is expected to grow by about 7 percent in 2010 and nearly 8...
  • 7.2 pc growth in 200910, says Pranab March 22, 2010

    Bangalore: Finance Minister Pranab Mukherjee on Monday said the government was sticking to an estimated 7.2 percent growth rate for this fiscal (200910) and 8.5 percent for 201011. "I have given some indication in the budget speech and the economic survey. So far as this year is concerned, we are sticking...
  • Forbes India: The mystery of India's GDP figure February 28, 2010

    The Indian economy seems to be back on track despite a poor monsoon. The Reserve Bank of India cranked up the economic growth forecast for the current financial year from 6 percent to 7.5 percent. The Prime Minister, a distinguished economist himself, has pegged it at 7 percent and his Finance...
  • Good cheer for Indian economy, GDP up 6.1 pc August 31, 2009

    New Delhi: India's economy grew 6.1 percent in the June quarter from a year earlier, roughly in line with forecasts, as government stimulus measures helped spur demand, although a poor monsoon threatens to crimp growth later in the year even as it drives inflation. The economy accelerated from its 5.8 percent...
  • Neighbours hinder India's global role June 12, 2009

    New Delhi: India represents a sixth of humanity and its giant economy may help reshape global business, but its place in the world is still hindered by the country's struggles to find stability in its own dangerous neighbourhood. It is extending its reach though, and among its interests are BRIC...